Friday 29 Mar 2024
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KUALA LUMPUR (Dec 31): The FBM KLCI is seen opening lower today in line with the overnight dip at most global markets as crude oil prices slumped and will end the year on a cumulative losing note, as the local benchmark index is down more than 68 points year-to-date.

Given the gloomy investor sentiment at the global markets, the local index is unlikely to notch up some 70 points even with year-end window dressing activities.

Global stock markets fell on Wednesday as oil prices slumped toward 11-year lows, sapping investors' appetite for risky assets on the penultimate trading day of 2015, according to Reuters.

Stock markets rallied the previous day as oil prices rebounded on prospects for lower temperatures on both sides of the Atlantic. But on Wednesday benchmark Brent crude slid below $37 a barrel, with investors worried about slowing demand and high supplies, it said.

Based on corporate announcements and news flow yesterday, companies that may be in focus today could include: Ho Hup Construction Co Bhd, Felda Global Ventures Holdings Bhd, Konsortium Transnasional Bhd and AirAsia X Bhd.

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